All Forum Posts by: Dylan Bowman

@Andy Mirza Thank you, I agree

Hello everyone. My question involves homeowners in pre-foreclosure. I would Like to know if there is a way that the homeowner can still walk away happy with part of his equity and credit in tact and also that I can walk away with a profit. What are the different ways that I can potentially help the homeowner out of this situation without him thinking Im going to rip him off?

Back story: I've already tried speaking with the homeowner and he wasn't to happy to speak with me. His property is in my town of Visalia Ca, but he lives in Glendora Ca. ( I didn't even make an offer on his quadreplex) He paid $180,000 for the property and he has $105,000 in equity. He is behind close to $6000 in mortgage payments. It is an 8 bed/ 4 bath quadreplex. I put the value of the property somewhere around 250k. I may be off. But that should be a close estimate plus or minus.

I asked the homeowner to give me a call if he was interested in selling. Which he willingly did shortly after my initial message. He went straight in asking me how I knew he owned the property, I said the MLS. And right away his attitude and demeanor changed. Long story short I asked him what he was willing to take for his property and he hit me with 340k.

Its likely him and I will not come to a deal but what are some different strategies I can counter offer this guy to get him on my side and hopefully have a win win outcome? Thank you for all of your responses.

@Ahmed Sublaban Well said! I'm definitely going to upgrade to Pro very soon. Bigger pockets has been so useful to me in every way. I've been on every day since I joined.

@Ahmed Sublaban Thank you for posting this! I relate to this so much because I'm an over thinker and dreamer as well. Which isn't a bad thing, but I'm definitely going to use this post to put my plans into action. Thanks!.

Hey thanks! @Jack Butala If you have any advice or words of wisdom for a rookie like me, I would greatly appreciate it! You look like you've done really well in the industry. I really like picking people's brain to see If I can learn something. 

Hey Bryce! I dont know how much help I can be to you because Im new as well. But I bought my first home FHA when I was 21. I had to buy a home that was livable and in good condition and live in it at least a year before I could rent it. But with your 30k you have a lot of different options.

If I were you I would buy a home to house hack. Try and find home that you have a very high expectations to appreciate in value.put the minimum amount down. Save the rest for another property. Then when you buy it you can have roomates move into the other rooms and have them pay rent. Hopefully to break even on the mortgage payment and you live for free. Then after a year or so move out and rent it and buy more or flip in the meantime. 

I dont know how much help I can be to you because Im new as well. But I bought my first home FHA when I was 21. I had to buy a home that was livable and in good condition and live in it at least a year before I could rent it. But with your 30k you have a lot of different options.

If I were you I would buy a home to house hack. Try and find home that you have a very high expectations to appreciate in value.put the minimum amount down. Save the rest for another property. Then when you buy it you can have roomates move into the other rooms and have them pay rent. Hopefully to break even on the mortgage payment and you live for free. Then after a year or so move out and rent it and buy more or flip in the meantime. 

Thank you George! 

Hi everyone! I recently joined bigger pockets on January 13th of this year. I definitely should have done this sooner. I found bigger pockets through doing resarch and trying to educate myself on my own and I think this is the best tool I could have found.

I'm very new to RE Investing. Fortunately I was able to buy my first home when I was 21. I lived in it for a year and now its my first renta propertyl. Though Im not profiting very much ($50 a month) due to lack of experience and my purchase price. The market in that neighborhood has definitely increased so I plan to sell that early next year and use the capital to really get my momentum moving forward. Also continue to educate myself in the mean time. I have about $60,000 in equity.

I have attended a few seminars where guru's have tried to sell me their mentorship and gave me very little education. Mostly I've been listening to the bigger pockets podcast and reading as many books as I can. Im going to try and read as much as I can now on the forums as well.

My work history is long and of a wide variety. I'm 25 now now and Ive had 12 different jobs since I started working. I've worked fast food, to warehouse jobs, then I got my start in construction doing the finish work on homes. I.e: cabinets, baseboard, custom closets, doors. Etc. From there I went into heavy construction and started building bridges with a good company. I was getting paid well but it was hard work. Fast forward to now and I have 3 part time jobs. I'm a heavy equipment operator and I also drive Class A trucks part time. One weekend a month I serve on base in the Air Force Reserves.

My hobbies include hanging out with my two boys, camping, fishing. I love dirtbikes, but I dont have one at the moment. Four wheeling and I recently started taking weight lifting pretty seriously and I really enjoy that a lot now.

I look forward to meeting new people, making connections and educating myself as much as possible. I hope to meet people in the California's central valley area to hopefully help each other out and gain knowledge and experience.

Thank you everyone for reading my introduction, any comments and advice would be greatly appreciated!